The UK Gambling Commission (UKGC) will recommend that the government set betting limits on Fixed Odds Betting Terminals (FOBT’s) to £30 or lower. The amount, equivalent to €34 or $42, is what they propose is the maximum stake that can be made on a roulette game per spin. The current level is £100 per spin,… Read more »

UK bookmaker and online gambling operator William Hill has been fined £6.2m (€7m or $8.6m) by the UK Gambling Commission for falling short on money laundering checks and not meeting social responsibility regulations. An investigation by The Commission found that 10 customers of William Hill were able to deposit large sums of money that were… Read more »

European gambling group Novomatic has announced the completion of the takeover of Australian slots company Ainsworth, following months of regulatory processing. The deal continues the gambling industry consolidation, which has seen online operator GVC snap up UK bookmaker Ladbrokes Coral and developer BluePrint Gaming buy out Games Warehouse in the past month. Several governing bodies,… Read more »

Bookmaker Ladbrokes Coral is set to be taken over by online rival and Party Poker owner GVC in a deal worth up to £4bn ($5.4bn or €4.5bn). Earlier in December both parties said their were in ‘detailed discussions’ about a possible takeover which suggested a cash and shares arrangement. GVC, who are better known for… Read more »

David Baazov, former CEO of Amaya Inc. will face charges of insider trading and market manipulation charges in Montreal, Canada. The man behind one of the most outrageous deals in gambling history, the $4.9bn takeover of Pokerstars in 2014, is to appear in front of prosecutors in a trial brought by Quebec’s security regulator, the… Read more »